Ali double 11 eve on the big hand logistics investment.

On November 8, Alibaba announced that has led the completion of a new round of capital increase for the rookie network. Alibaba invested RMB 23.3 billion (approximately US$3.3 billion) through capital increase and purchase of old shares, and its stake in the rookie increased from approximately 51% to approximately 63%. Other existing shareholders of rookie also participated in a new round of financing.

After the new round of financing, the rookie will continue to increase technical input, including promoting the digital upgrade of the logistics industry; creating a smart supply chain, serving businesses to reduce costs and increase efficiency; and speeding up the construction of a global intelligent logistics backbone network.

Ali’s substantial investment in rookie is related to the vision of strengthening the logistics infrastructure of commercial operating systems. With the continuous improvement of the strategic position of the new retail, the most important infrastructure intelligent logistics represented by the rookie and other retailers is also constantly upgrading. Currently, the 30-minute delivery of Boxma Fresh and the one-hour delivery of Tmall Supermarket in Beijing and Shanghai are currently available. The Taobao Tmall, which was delivered and rooked and wrapped up, was taken back two hours to form an Ali intelligent logistics network.

The announcement of this investment on the eve of the Double 11 is also to escort the upcoming logistics peak. Before the double 11 this year, the four links and the first rookie jointly promised that the express delivery of 26 cities in the Yangtze River Delta economic circle will be 72 hours. This is also the first time in the history of the Double 11 that the courier company promised the package delivery time. In the past 6 years, the rookie and the joint industry have promoted express delivery. The data shows that in just 6 years, the time for the delivery of 1,100 million parcels has been shortened by 6 days and a half. In the first half of this year, China Express has been 5 hours faster.

In addition to achieving express delivery speed, the rookie will use a number of investments to accelerate the construction of a new retail supply chain, enabling both domestic and international businesses to achieve significant cost reductions. At present, the rookie intelligent supply chain Pratt & Whitney merchants, to achieve a 30% increase in turnover, logistics costs reduced by 15%; rookie global supply chain businesses to reduce costs by 10%, so that the import logistics timeliness increased significantly 5 to 10 days, bringing efficiency and experience comprehensive Upgrade.

In the construction of the global intelligent logistics backbone network, the rookie has joined forces with global logistics partners to increase the EWTP global logistics hub construction, overseas warehouse layout, and provide end-to-end solutions for merchants to buy global sales globally. In Europe, Southeast Asia and other regions, the rookie will accelerate the delivery of 72 hours. Previously, the rookie also invested in the construction of the Global Performance Center (GFC), EWTP super logistics hub.

Ali’s investment in the rookie is a marathon. As early as 2017, Alibaba’s 5.3 billion yuan increase in rookie has revealed that on the basis of tens of billions of dollars invested, it will continue to invest 100 billion yuan in the next five years, in addition to continuing to invest in research and development in data technology and other fields. It is mainly used to promote the construction of core areas such as intelligent warehouse, intelligent distribution and global super logistics hub with logistics partners.Logistics network efficiency.

At present, the development of the rookie that has been invested by Ali Capital has begun to show. Alibaba’s Q2 financial report for the 2020 fiscal year shows that in the first three quarters of 2019, the consumer-oriented services such as rookie wraps and rookie stations cooperating with couriers such as Sitong Yida have achieved a high-speed growth of over 100%. To provide intelligent logistics services for over 100 million consumers.

(The header is from the rookie official)